Tag: Egyptian Stock Exchange
Egypt Headlines

Egypt postpones IPO for state-run Banque du Caire over covid-19

North Africa PostComments Off on Egypt postpones IPO for state-run Banque du Caire over covid-19

Egypt has postponed sine die the Initial Public Offering (IPO) to sell minority shares state-run Banque du Caire (BQDC.CA) due to spread of covid-19 contamination, reports say. The operation slated for mid-April on the Egyptian Stock Exchange aimed at selling the shares for about $500 million. The Bank Chairman Tarek Fayed, Reuters notes, told a […]
Egypt Features Headlines

Egypt’s Return to Mubarak’s Era Could Lure Back Investors

North Africa PostComments Off on Egypt’s Return to Mubarak’s Era Could Lure Back Investors

Experts forecast that the Egyptian Stock Exchange will rise by 40 percent in the new year, which should, along with the major political events like the constitutional referendum and parliamentary and presidential elections, promote expectations of stability and security. The director of investment at Egyptians Abroad Investment and Development Co. said that the country’s stock […]